Oil Prices

Prices of Iranian crude stand at $62 per barrel

MNA – Iran’s light crude prices fell by 71 cents to be traded at 62.03 dollars per barrel in the week leading to December 08.

The average figure for Iranian crude has been $51.73 since the beginning of the year 2017, the Iranian Ministry of Petroleum reported. Meanwhile, in the seven days leading to December 08, Iran’s light crude prices declined by 70 cents standing at 62 dollars and three cents a barrel.

In the meantime, price figures for heavy crude of Iran rose to $59.47 indicating a 30-cent downturn as compared the earlier week.

The price of OPEC basket also plunged by 51 cents dwindling to 60 dollars and 84 cents per barrel.

Over the same time span, WTI and Brent crude oil prices grew smaller by 81 and 59 cents decreasing to $57.02 and $63 respectively.

Dubai and Oman crude oil barrels were also traded at $60.23 and $60.37 in the week leading to December 08 after respectively falling by 82 and 68 cents